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Gas spikes, snacks tank: PepsiCo issues warning on consumer squeeze (PEP:NASDAQ)

Refueling the car at a gas station fuel pump. Man driver hand refilling and pumping gasoline oil the car with fuel at he refuel station.

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Rising fuel costs are putting a worse-than-expected strain on the U.S. consumer, a reality highlighted in PepsiCo’s (PEP) second-quarter earnings call, as the snack and beverage giant observed noticeable shifts in domestic spending behavior.

During Thursday’s Q2 earnings call, PepsiCo (

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